Ray Dalio's call to reform capitalism is high recommended. Dalio is the founder, co-Chief Investment Officer and co-Chairman of Bridgewater Associates, the world's largest hedge fund. In his essay entitled Why and how capitalism needs to be reformed, Dalio writes:…
When broad economic prosperity is your goal--when you want to see all households growing in income and financial stability--what you measure really matters. Michigan Future has put together a very clear set of up-to-date data that paint the picture of…
At Michigan Future, our goal is prosperity for all Michigan families. That doesn't mean just a high GDP or low unemployment. We all know there are plenty of jobs that don't pay well, and plenty of people working multiple jobs…
The Michigan Association of United Ways reports that in 2017 43 percent of Michigan households were unable to pay for necessities. Up six percent from 2010 when the Michigan economy was just starting to grow after the Great Recession. How…
Terrific assessment of Michigan 2019 by Chad Livengood for Crain's Detroit Business. (I did a podcast with Chad that accompanies the article.) He writes: There are potholes in Michigan — and not just in the roads. Potholes in household income.…
For the first time ever Michigan is a low-prosperity state with a strong domestic auto industry. The recovery from the Great Recession has produced lots of jobs. Which is good news indeed. But in terms of the economic well-being of…
In a previous post we quoted Republican United States Senator Marco Rubio on the need for an American economy that provides more middle class jobs. In an article for the Atlantic Rubio entitled America Needs to Restore Dignity of Work,…
Wayne County Executive Warren Evans' column for The PuLSE Institute entitled Michigan needs long-term poverty policy is worth reading. Both in its call for making attacking poverty a priority and for taking on the conventional wisdom about the causes of…
Despite warning signs at the end of the year, 2018 was a very good year for the Michigan and the nation’s economy. But the strong economy––characterized by low unemployment and strong growth––was accompanied by 40 percent of Michigan households not…
Really interesting research from the Federal Reserve Bank of New York on low-wage workers moving up to better-paying jobs. (You can find the research here and a summary article on the research here.) The report's core findings: Using data covering…